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    901-07 N California Ave Chicago, IL 60622

    Pending
    For Sale
    $1,850,000

    Land - Chicago, IL

    Days on Market:
    27
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 901-07 N California Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    COMMR
    APN
    16014160140000

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Greg Viti (312) 216-2422 License #475122100

    Listing date Nov 12, 2025

    MLS# 12282936 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lots Development Opportunity

    This offering comprises four lots situated on a corner location within Chicago. The property is zoned COMMR, which allows for a building of up to 14 units, including two commercial spaces and 12 residential units above. The building to code would allow approximately 29,000 square feet (not including indoor parking in the FAR). Currently, a large one-story commercial building occupies the north 50' of the site, presenting a development opportunity.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.695916
    Latitude
    41.869701

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    FAQs

    What type of property is this?
    Commercial land - Four lots in a hot area suitable for development.
    Where is this commercial land located?
    The property is located at 901-07 N California Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Development site allows for 14 units (2 commercial, 12 residential).; - Located in a 'hot area'.; - Four lots on a corner location.
    (312) 216-2422
    Request Owner's contact information
    901-07 N California Ave Chicago, IL 60622
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    Chicago, IL 60622
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901-07 N California Ave Chicago, IL 60622
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